Related Words

Electronic Document Management (EDM): Using specific document management software, users can capture and retrieve documents in image, audio, video and text forms.

Management Company: A company responsible for running a resort on a day-to-day basis, often contracted to do so by the homeowners association. Frequently, the resort developer will have a controlling interest i . . . View Full Definition

Management Consultant: An individual who works independently to assist and advise clients with managerial responsibilities regarding various organizational issues.

Management By Objective (MBO): A performance appraisal strategy in which subordinates determine and set goals for themselves based on the overall goals and objectives for the organization.

Management Buyout (MBO): Leveraged buyout whereby the acquiring group is led by the firm's management.

Management Agreement: A contract between the owner of income property and a management firm or individual property manager that outlines the scope of the managers authority.

Management Buying: The acquisition of a controlling interest in a promising business by an outside investment group that retains existing management and places representatives on the board of directors.

Management Development: Training and developmental programs designed to provide new managers and existing managers with the resources needed to become more effective in their roles.

Management Discussion And Analysis (MD and A): A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss t . . . View Full Definition

Management Services Organization (MSO): An organization, owned by a hospital or a group of investors, that provides management and administrative support services to individual physicians or small group practices in order to relie . . . View Full Definition